Oman: Preserved Tuna Market 2024

Preserved Tuna Market Size in Oman

The Omani preserved tuna market shrank to $X in 2021, with a decrease of -11.7% against the previous year. In general, consumption, however, showed a prominent increase. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Preserved Tuna Production in Oman

In value terms, preserved tuna production shrank remarkably to $X in 2021 estimated in export price. In general, production, however, saw measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 154%. As a result, production reached the peak level of $X, and then declined markedly in the following year.

Preserved Tuna Exports

Exports from Oman

In 2021, overseas shipments of tuna (prepared or preserved) decreased by -38.2% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 80%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved tuna exports declined sharply to $X in 2021. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Yemen (X tons), Saudi Arabia (X tons) and Libya (X tons) were the main destinations of preserved tuna exports from Oman, together accounting for 86% of total exports.

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of +15.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved tuna exported from Oman were Saudi Arabia ($X), Libya ($X) and Yemen ($X), with a combined 83% share of total exports. The United Arab Emirates, Jordan, Lebanon and Iraq lagged somewhat behind, together accounting for a further 15%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +16.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price, however, showed a slight expansion. The pace of growth was the most pronounced in 2017 an increase of 21%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Tuna Imports

Imports into Oman

In 2021, approx. X tons of tuna (prepared or preserved) were imported into Oman; picking up by 12% compared with the previous year. In general, imports enjoyed a perceptible expansion. The growth pace was the most rapid in 2019 when imports increased by 85% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved tuna imports soared to $X in 2021. Over the period under review, imports recorded temperate growth. The pace of growth was the most pronounced in 2019 when imports increased by 59% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest preserved tuna supplier to Oman, with a 49% share of total imports. Moreover, preserved tuna imports from Thailand exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), threefold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+277.8% per year) and China (+6.9% per year).

In value terms, Thailand ($X) constituted the largest supplier of tuna (prepared or preserved) to Oman, comprising 50% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 17% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+408.4% per year) and China (+4.4% per year).

Import Prices by Country

In 2021, the average preserved tuna import price amounted to $X per ton, with an increase of 6.9% against the previous year. In general, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Yemen ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+34.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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